Iron ore futures rebounded on the day session, despite market concerns over reduced raw material demand from the ongoing power rationing in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 2.13% day-on-day or up RMB 14.50 to RMB 694/mt, during the day trading session on Wednesday. The rebar future …
Tag archives: IO62
Iron Ore DCE Jan Daily Technical Review 29/9/21
Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected in last few days. However rejected by 705.5. The lower support of 661.5 was a strong support area. Hourly KD created gold cross. Hourly MACD created gold cross. Hourly CCI approached bullish territory. The next round of aggressive movement needs a …
Continue reading “Iron Ore DCE Jan Daily Technical Review 29/9/21”
Daily Virtual Steel Mill Report 29/9/21
Market Verdict on Iron Ore： · Neutral. Macro · According to the China National Bureau of Statistics, from January to August, industrial enterprises above designated size achieved a total profit of 5605.14 billion yuan, a year-on-year increase of 49.5%, an increase of 42.9% over January to August 2019, and an average increase of 19.5% over …
Daily DCE Review 28/9/21
Iron ore futures dipped from recent rally, as market concerns over power conservation policy grew larger, which reduced raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.93% day-on-day or down RMB 20.50 to RMB 678/mt, during the day trading session on Tuesday. The rebar future however, hiked …
Weekly Virtual Steel Margin Report 27/09/2021
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Daily DCE Review 27/9/21
Iron ore futures extended the rally from last week, benefiting from the restocking activities and stable steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.53% day-on-day or up RMB 24 to RMB 703/mt, during the day trading session on Monday. The rebar future also hiked up by 0.96% …
Iron Ore DCE Jan Daily Technical Review 27/9/21
Verdict – Short-term neutral to bullish. DCE iron ore January contract maintained rebound during the day. From daily chart, MA5 and MA10 potentially create gold cross in the following two trading days. From hourly chart slow stochastic created a dead cross on the boundary of overbought area. If a breakthrough on major resistance at 715.0, …
Continue reading “Iron Ore DCE Jan Daily Technical Review 27/9/21”
Daily Virtual Steel Mill Report 27/9/21
Market Verdict on Iron Ore： · Neutral. Macro · Guangdong Province, China appealed to stop electricity usage in low floors. Liaoning province electricity supply triggered serve shortage level because of the sudden decrease on wind power. Inner Mongolia started to stop operation in 6 out of 11 steel mills. Iron Ore Key Indicators: · Platts62 …
Ferrous trade weekly review 24/9/21
A total of 750,000 mt of iron ores was traded for the week ended Sep 24, up 10.3% on-week, amid better restocking activities. Restocking of iron ore stepped up pace as Chinese trade participants returned from public holidays, while they started to replenish stocks to prepare for another week-long holiday period in early October. During …
Daily DCE Review 24/9/21
Iron ore futures continued to book gains on increased restocking activities, ahead of coming long holidays in October. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.47% day-on-day or up RMB 16.50 to RMB 684.50/mt, during the day trading session on Friday. The rebar future also dropped by 2.83% day-on-day …